With each stock’s recap, we will include a (with market support) or (without market support) tag, designating whether the trade triggered with or without market directional support at the time. Anything in the first five minutes will be considered WITHOUT market support because market direction cannot be determined that early. ETF calls do not require market support, and are thus either winners or losers.
From the report, SINA triggered short (with market support) and worked enough for a partial (before reversing hard, which is why we HAVE to manage trades):
JDSU gapped under the trigger, no play.
BRCM triggered short (without market support due to opening five minutes) and worked enough for a partial:
CY triggered short (with market support) and barely worked enough for a partial, no risk either way:
CREE triggered short (without market support due to opening five minutes) and didn’t work:
FMCN triggered short (with market support) and didn’t work:
In the Messenger, AMZN triggered short (with market support) and worked:
TLT triggered short (ETF, so no market support needed) and didn’t work:
BIIB triggered long (with market support) and worked:
In total, that’s 6 trades triggering with market support, 4 of them worked, 2 did not.
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